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Summary Financial accounting (FAC1) $5.54   Add to cart

Summary

Summary Financial accounting (FAC1)

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Summary chapters: 1,2,3,4,5, 12, 14 & 15 (No appendixes) Additional notes from teachers Mindmaps on chapter 1,2,3,4,12,14,15 List of defintions Answers to following problem questions 5th edition: P2-41; P3-45; P4-28A; P5-39B; P14-41B; P14-46B Answers to 6th edition: P3-35A; P4-35B; P4-36B; P5-39B

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  • 1,2,3,4,5, 12,14,15
  • March 15, 2019
  • 61
  • 2018/2019
  • Summary

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Available practice questions

Flashcards 20 Flashcards
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Some examples from this set of practice questions

1.

Dept ratio

Answer: Total liabilities / Total assets

2.

dept to equity ratio

Answer: Total liabilities / total equity

3.

working capital

Answer: current assets - current liabilities

4.

cash ratio

Answer: cash cash equivalents / total current liabilities

5.

acid-test ratio

Answer: cash short term investment net current receivables / Total current liabilities

6.

Current ratio

Answer: total current assets / total current liabilities

7.

inventory turnover

Answer: COGS / average merchandise inventory

8.

gross profit percentage

Answer: gross profit / net sales revenue

9.

days scale inventory

Answer: 365 / inventory turnover

10.

accounts receivable turnover ratio

Answer: net sales / average net accounts receivable

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